In the 5-minute timeframe, you can sell at the top of the trading range and buy at the bottom of the trading range (by observing reversal candles and patterns).
Alternatively, you can wait for a breakout and enter in the direction of the breakout.
Be mindful of fake breakouts.
Hello,
In the 5-minute timeframe, you can sell at the top of the trading range and buy at the bottom of the trading range (by observing reversal candles and patterns).
Alternatively, you can wait for a breakout and enter in the direction of the breakout.
Be mindful of fake breakouts.
May your trades be profitable!
t seems that gold has entered a tradingrange and is not breaking out for now.
Switch to the 5-minute timeframe; you can enter a trade when you spot reversal candles at the top and bottom of the trading range.
There is a high probability of the channel extending.
Good luck!
A dirty tradingrange!!!
Lower highs are visible on the chart.
There is a possibility that the tradingrange may break downward with a strong candle.
Or will the price rise to the top of the tradingrange?
Share your thoughts in the comments.
